IT 2.0: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IT 2.0
Largest movements
- Cash +€50,704
up €50,704 (+34.8%), from €145,777 to €196,481
mainly Net result for the year (+€65,124) and Tax, wage and social debts (+€30,089)
- Receivables within one year +€14,671
up €14,671 (+7.4%), from €196,934 to €211,605
of which Trade receivables: +€22,947
- Current investments +€10,991
up €10,991 (+8.2%), from €134,024 to €145,015
- Reserves +€65,124
up €65,124 (+16.2%), from €401,231 to €466,355
of which Tax-exempt reserves: +€42,100
- Tax, wage and social debts +€30,089
up €30,089 (+83.2%), from €36,184 to €66,272
of which Taxes: +€30,237
- Other debts -€9,668
down €9,668 (-35.0%), from €27,605 to €17,937
- Accrued charges and deferred income -€6,971
down €6,971 (-100%), from €6,971 to €0
- Staff costs +€3,541
up €3,541 (+6.6%), from €53,351 to €56,892
- Gross operating margin +€3,183
up €3,183 (+2.2%), from €144,981 to €148,164
- Taxes -€1,745
down €1,745 (-7.0%), from €24,970 to €23,225
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,269 | €570,864 | +€79,595 | +16.2% |
| Fixed assets | 21/28 | €14,534 | €14,776 | +€242 | +1.7% |
| Tangible fixed assets | 22/27 | €14,434 | €14,676 | +€242 | +1.7% |
| Land and buildings | 22 | €11,789 | €10,442 | -€1,346 | -11.4% |
| Plant, machinery and equipment | 23 | €2,646 | €4,234 | +€1,588 | +60.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €476,735 | €556,088 | +€79,353 | +16.6% |
| Amounts receivable within one year | 40/41 | €196,934 | €211,605 | +€14,671 | +7.4% |
| Trade receivables | 40 | €182,819 | €205,766 | +€22,947 | +12.6% |
| Other amounts receivable | 41 | €14,115 | €5,839 | -€8,276 | -58.6% |
| Current investments | 50/53 | €134,024 | €145,015 | +€10,991 | +8.2% |
| Cash at bank and in hand | 54/58 | €145,777 | €196,481 | +€50,704 | +34.8% |
| Deferred charges and accrued income | 490/1 | - | €2,987 | +€2,987 | |
| Total equity and liabilities | 10/49 | €491,269 | €570,864 | +€79,595 | +16.2% |
| Equity | 10/15 | €407,431 | €472,555 | +€65,124 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,231 | €466,355 | +€65,124 | +16.2% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €401,231 | €424,255 | +€23,024 | +5.7% |
| Amounts payable | 17/49 | €83,838 | €98,309 | +€14,471 | +17.3% |
| Amounts payable after more than one year | 17 | €7,586 | €5,999 | -€1,587 | -20.9% |
| Financial debts | 170/4 | €7,586 | €5,999 | -€1,587 | -20.9% |
| Amounts payable within one year | 42/48 | €69,281 | €92,310 | +€23,029 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €1,498 | €1,587 | +€89 | +5.9% |
| Trade debts | 44 | €3,994 | €6,514 | +€2,519 | +63.1% |
| Suppliers | 440/4 | €3,994 | €6,514 | +€2,519 | +63.1% |
| Taxes, remuneration and social security | 45 | €36,184 | €66,272 | +€30,089 | +83.2% |
| Taxes | 450/3 | €27,920 | €58,157 | +€30,237 | +108% |
| Remuneration and social security | 454/9 | €8,263 | €8,115 | -€148 | -1.8% |
| Other amounts payable | 47/48 | €27,605 | €17,937 | -€9,668 | -35.0% |
| Accrued charges and deferred income | 492/3 | €6,971 | €0 | -€6,971 | -100% |
| Remuneration, social security and pensions | 62 | €53,351 | €56,892 | +€3,541 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591 | €1,785 | +€194 | +12.2% |
| Other operating charges | 640/8 | €1,246 | €229 | -€1,017 | -81.6% |
| Gross operating margin | 9900 | €144,981 | €148,164 | +€3,183 | +2.2% |
| Operating profit (loss) | 9901 | €88,793 | €89,258 | +€464 | +0.5% |
| Financial income | 75/76B | €290 | €1,416 | +€1,126 | +388% |
| Recurring financial income | 75 | €290 | €1,416 | +€1,126 | +388% |
| Financial charges | 65/66B | €962 | €2,324 | +€1,362 | +142% |
| Recurring financial charges | 65 | €962 | €2,324 | +€1,362 | +142% |
| Profit (loss) for the period before taxes | 9903 | €88,122 | €88,349 | +€228 | +0.3% |
| Income taxes | 67/77 | €24,970 | €23,225 | -€1,745 | -7.0% |
| Profit (loss) for the period | 9904 | €63,151 | €65,124 | +€1,972 | +3.1% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,151 | €23,024 | -€40,128 | -63.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.